State of New Jersey Common Pension Fund D
Institutional investor · Portfolio as of Q3 2025
Top Holdings1,460 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
NVIDIA CORP | 8.5M | $1.6B | 5.8% | $109.76 | +65.67% | 27 qtrssince 2019-Q1 | Increased 64 |
ISHARES CORE MSCI EMERGING | 22.6M | $1.5B | 5.5% | $59.15 | +9.17% | 2 qtrssince 2025-Q2 | Increased 67 |
APPLE INC | 5.2M | $1.3B | 4.9% | $104.95 | +141.73% | 27 qtrssince 2019-Q1 | Increased 60 |
MICROSOFT CORP | 2.5M | $1.3B | 4.7% | $127.27 | +303.58% | 27 qtrssince 2019-Q1 | Increased 61 |
VANGUARD REAL ESTATE ETF ETF | 8.6M | $786.1M | 2.9% | $87.48 | +3.14% | 27 qtrssince 2019-Q1 | Unchanged 0 |
AMAZON.COM INC | 3.3M | $732.1M | 2.7% | $114.44 | +94.13% | 27 qtrssince 2019-Q1 | Increased 56 |
META PLATFORMS INC-CLASS A | 757,242 | $556.1M | 2.0% | $185.65 | +300.09% | 27 qtrssince 2019-Q1 | Increased 55 |
BROADCOM INC | 1.6M | $514M | 1.9% | $163.34 | +100.36% | 27 qtrssince 2019-Q1 | Increased 51 |
ALPHABET INC-CL A | 2M | $493.2M | 1.8% | $103.14 | +136.48% | 26 qtrssince 2019-Q2 | Increased 51 |
TESLA INC | 1M | $449.7M | 1.7% | $232.40 | +90.71% | 25 qtrssince 2019-Q3 | Increased 51 |
ALPHABET INC-CL C | 1.7M | $417.3M | 1.5% | $99.55 | +145.30% | 27 qtrssince 2019-Q1 | Increased 51 |
JPMORGAN CHASE & CO | 971,546 | $306.5M | 1.1% | $90.21 | +246.68% | 27 qtrssince 2019-Q1 | Increased 50 |
ISHARES TR | 3.7M | $284.1M | 1.0% | $65.41 | +14.71% | 17 qtrssince 2021-Q3 | Increased 51 |
ISHARES MSCI INDIA ETF | 5M | $262.6M | 1.0% | $55.42 | -5.88% | 27 qtrssince 2019-Q1 | Decreased 0 |
BERKSHIRE HATHAWAY INC-CL B | 474,074 | $238.3M | 0.9% | $224.96 | +121.93% | 27 qtrssince 2019-Q1 | Increased 46 |
ELI LILLY & CO | 281,265 | $214.6M | 0.8% | $144.35 | +425.26% | 27 qtrssince 2019-Q1 | Increased 45 |
VISA INC-CLASS A SHARES | 599,174 | $204.5M | 0.8% | $160.69 | +110.76% | 27 qtrssince 2019-Q1 | Increased 44 |
NETFLIX INC | 148,863 | $178.5M | 0.7% | $33.43 | +260.82% | 27 qtrssince 2019-Q1 | Increased 44 |
MASTERCARD INC - A | 300,441 | $170.9M | 0.6% | $254.19 | +122.88% | 27 qtrssince 2019-Q1 | Increased 47 |
EXXON MOBIL CORP | 1.5M | $170.2M | 0.6% | $60.32 | +86.47% | 27 qtrssince 2019-Q1 | Increased 44 |
State of New Jersey Common Pension Fund D manages $27.2B across 1460 positions as of Q3 2025. Top holdings: NVDA (5.8%), IEMG (5.5%), AAPL (4.9%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 3.5/5.0.
Active quarter - 54 new positions, 67 exits, 1020 increased. Top move: IEMG (INCREASED, conviction 67). Portfolio: $27.2B across 1460 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer